Vlad Tenev considers the California billionaire-tax passage contract a potentially useful hedging instrument for some people, but says he is not personally hedging with it.

“Um, for example, there's a will the California billionaire tax pass contract, which I think is a useful hedging instrument for some people. Uh, uh, not me personally.”

“I'm not hedging with it, but one could. Uh, the other thing about it is I think it's a new source of, of information. I, I think of it almost as in, in the pure form, prediction markets are an evolution of news.”